Cheap Apartments for Rent in the Lakewood Neighborhood of Grand Prairie, TX from $800 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood area of Grand Prairie.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Wymberly Pointe
1 to 2 Bedroom Apartments

Wymberly Pointe

702 W Warrior TrlGrand Prairie, TX 75052
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Wymberly Crossing
1 to 3 Bedroom Apartments

Wymberly Crossing

3001 S Carrier PkyGrand Prairie, TX 75052
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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LynnCora
Studio to 2 Bedroom Apartments

LynnCora

3145 Lynn Creek PkyGrand Prairie, TX 75052
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Eagle Crossing
1 to 3 Bedroom Apartments

Eagle Crossing

8015 W Camp Wisdom RdDallas, TX 75236
Corporate Housing
Showing Results 1-35, Page 1 of 1

Lakewood, Grand Prairie, TX Local Guide

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Lakewood area of Dallas, TX is a 1 Bed unit found at Ronan Apartment Homes priced from $873. The Park on Forum has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here are the most affordable Lakewood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Ronan Apartment HomesA21BR,1BA$873
The Park on ForumA11BR,1BA$970
Mission Mayfield DownsS1Studio,1BA$1,020
Indigo PointeA11BR,1BA$1,070
The BradburySGCStudio,1BA$1,088
Prairie Ranch Apartment HomesA41BR,1BA$1,127
JoviaA11BR,1BA$1,282
Prairie Gate Community Phase IIMemphisStudio,1BA$1,295
The Watson2x12BR,1BA$1,299
Eagle CrossingA1B1BR,1BA$1,300

Best Value Apartments for Rent in Lakewood, TX

As of January 07, 2026 the best value apartment in the Lakewood area is the $1.56 price per square foot C2TH Model at Arioso Apartments & Townhomes in the in the East Arlington neighborhood starting from $2,445. The second greatest value Lakewood apartment is the Baird Model at Canvas at Grand Prairie starting at $2,347 with a $1.84 price per square foot in the East Arlington neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arioso Apartments & TownhomesC2TH3BR,2.5BA$1.56
Canvas at Grand PrairieBaird2BR,2.5BA$1.84
Mission Mayfield DownsB12BR,2BA$1.52
Highlands of Grand PrairieB-12BR,1.5BA$1.57
Eagle CrossingA1C1BR,1BA$1.64
Parkways on Prairie CreekA31BR,1BA$1.77
Prairie Ranch Apartment HomesA31BR,1BA$1.58
Ronan Apartment HomesA31BR,1BA$1.68
Indigo PointeA11BR,1BA$1.57
The Park on ForumA11BR,1BA$1.47

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lakewood, Grand Prairie, TX

Ranked #8

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Lakewood, Grand Prairie, TX

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Texas including Lakewood, Grand Prairie, and the greater Dallas area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, multifamily communities for the kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lakewood Apartments

What is a cheap apartment in Lakewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,300.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is Ronan Apartment Homes which is listed at $873, while the average apartment in Lakewood costs $4,853.

What types of apartments are the cheapest in Lakewood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 45 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakewood?

Cheap apartments in Lakewood have an average cost of $160 which is $4,693 cheaper than the average rent for all rentals in Lakewood.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!